Bitcoin Forum

The current Bitcoin fees wouldn't have mattered to me because I am not selling, but the fees do matter because I DCA, and I don't want to leave my coins in the centralized exchange. This month, I have spent roughly $5 to $10 in transaction fees when I DCA every week. It may seem small, but in my country, it's enough to cover my feeding expenses for a month cumulatively.

I discussed this issue with my friend, and he suggested I use an exchange that utilizes the Lightning Network. According to him, this would help me get off with no fees any day. While I'm considering this alternative, another option is to wait for a month or two, then use the amount we kept for weekly DCA, hold it for a month or two, and lump sum. This way, i would incur just a one time fee. What are your thoughts on this? I feel like I may use the money kept for DCA for other expenses.

This is the challenge some of us are also facing, the high transaction fees is not just allowing us make regular purchases since the amount is not so big. For people transacting huge amount, the fee is insignificant that they can pay it conveniently. But a situation whereeby the fee is close to your weekly investment amount, it becomes a big problem.

Consequently,  instead of weekly DCA, I'm also considering making it monthly to save me some bucks in terms of the fees. My investment budget for a month is not that big that I have to worry about the risk of keeping them in CEX. I just hope the fees normalises soon.

While I don't recommend unnecessarily leaving funds on exchanges, you're option here is to not withdraw the BTC after every DCA purchase. Instead, probably do the withdrawals biweekly/monthly(whichever you're comfortable with). That way, you'll significantly decrease your fee payments.

Seriously DCAing in this period of time has been a thing of concern because in can’t move the funds to their wallets. I also encountered such problems when trying to purchase some bitcoin and had to pay close to 0.2 of the intended amount for DCA on transaction fees. The right idea is to buy bitcoin and accumulate and move it to your cold wallet biweekly or monthly or when the fees reduces a little. But the problem remains on which exchange.

My advice is to buy from non custodial exchanges like Bisq, aside the privacy advantage on bisq it also has an in-built wallet that can generate your seed for you and you can simply password it¹. This way you wouldn’t bother too much of any centralized exchange collapsing. You leave your funds on that personal bisq wallet and later move it to your cold wallet.

1.  https://docs.bisq.network/secure-wallet (https://docs.bisq.network/secure-wallet)

If exchanges is not involved, you can use ViaBTC free accelerator and use low fee like 10 sat/byte for legacy addresses, or 18 sat/vbyte for native segwit addresses.

For exchanges, you can use side chain to accumulate 5 to 10 times. Send the money back and convert it to bitcoin. Just do not leave huge amount on the side chain because they are not actually bitcoin but pegged with bitcoin price. They are altcoins.

Good idea.

The Mempool congestion has been an issue and who knows when the fees will be beaten lower to accommodate reasonable fees. This is a discouragement truly but is not the first time that we will experience this kind of situation, which is why I know it's not going to be the last.

You and your friend have also made the right suggestions, so don't be discouraged, I also advise you to continue to DCA without minding the situation. You can use your Debit/Credit card, P2P, or Lightning network if the money is not big. But if the money is big enough, I wouldn't mind the network fee if I were you, but I will be DCAing once a month.

This would have saved you a lot of money if followed and could be paying barely $3+ for the transaction a month if you study the Mempool correctly.

I do agree, but this is just short term effect of the high transaction, sooner or later it will go down a bit. And obviously, you have to look at the long term, maybe 1-2 years still or at least when we are in the bull run you will forget that at one time brc20 ordinals clogged the network.

So just continue to accumulate as much as you can and simply ignore or just hold the money that you got and timing the network when it is not congestion.

You need to be just observant and in the end, everyone of us here will make a profit by doing DCA.

The cost per week that you spend up to $10 for me can be said to be quite large especially if you conclude on the accumulative month, even if you buy P2P on the forum will still be charged above $3 or may be low.

Indeed, the lightning network is an alternative to avoiding more expensive fees but honestly the lightning network still has few users, compared to the onchain network which is more widely used including myself.

Or you can do it by saving money first until it accumulates one month and then buy on the exchange and withdraw it directly.
You can also buy every week and then hold it for 1 month on the exchange after the btc is large you can withdraw it at least this should not keep it on the exchange for long.

But if you only keep it on the exchange for 1 month I think it's not a problem in order to save costs.

It stops being DCA since you're going to buy in a slump sum that might be 50% of the average , for better or for worse, it could also be the exact average of for the whole year, exactly on that day but anyhow it will be better than spending 10% or 5% of fees, those are lost money anyhow.


That's your problem, and you must overcome that with discipline, if you feel like you're wasting that money on unnecessary expenses then better just incur the fees, at least you end up with something while buying rather than just spending, but again, it com down to what expenses you think of.

Anyhow I would suggest trying LN as your fried did, the rest are just measures that will chip money from you with other expenses
- moving between coins to save on withdraw fees and then change back to bitcoin will again incur extra fees
- using a dex will get you in problems with sending small sums to the buyer, you will see increase fees there
If we would have a truly cheaper solution for this ready then those exchanges would have already been out of business.


You do realize that when saying from now on the network will be less congested it means that less people are going to actively use Bitcoin, right?
Cause you can't have 1sat/b byte transactions in the next block unless you have less than network capacity in waiting transactions.

While being a rosy pictures on the fee issue is quite a grim prediction for actual Bitcoin usage.

To be honest, bitcoin transaction fees are becoming quite annoying for small investors like us. Today I just transferred a small amount of my bitcoin to an exchange to sell for fiat and if I remember correctly with 2 transactions, I lost almost $6 and I'm really uncomfortable with the fees. Yes, it's not a large amount of money but $6 for transaction fees is something that makes me feel unsatisfied. I usually don't sell my bitcoins but today I had urgent business so I had to sell some and I was quite surprised at the fee I had to pay.

I also tried it yesterday and the results are almost the same as what you said in terms of the fee request range, and if approved then it can be executed, but it's still not bad compared to last week, almost 3x more than today. and the waiting time is up to five days before completion. Is this the case and do we seem forced to do it or is it just my opinion, regardless of network congestion when BTC is going up.

If you would really be that tending to make some DCA then the fees are high, then it would be that impossible that you wont really be able to make out those kind of calculations whether it would be worth it or not.

We do understand and really know or aware that storing up your coins on exchanges for too long does really impose that kind of risks on which this is something that must really be done considering about exchange hacks could really happen and this is something that we do avoid for it to happen and get caught with it since we know that are the things that you would be that able to experience on this case.
Making active transactions in between exchangers and with your non custodial wallet will really that hurt that much specially into those times where Bitcoins fees do always hit up $20
as far as i remember.

So your option whether you would really be that waiting for the network to come down or would really be paying up fees just because you are scared of the risk? which it
doesnt really make sense if you do such act.

This is the solution I'm implementing, and it's not just a temporary solution during times of transaction fee spikes, I've been implementing it more regularly to save as much on transaction fees as possible . The collapse of FTX is a warning to us that storing assets for long periods of time on exchanges is something we should avoid. Furthermore, just because FTX collapsed doesn't mean the remaining exchanges will collapse anytime soon, and temporarily leaving some bitcoin on exchanges isn't a bad thing.

OP said he doesn't like storing bitcoins on exchanges, but I think he should consider what you said because I don't think it's too bad.

As long as you trust your exchange I don’t see any immediate need to withdraw. Certainly if transaction fees are a concern then withdrawing once every could weeks or even monthly is probably not a big deal. In times like now where there is uncertainty I wouldn’t want to be storing funds on Binance, but in normal times there’s not a huge risk in leaving a couple weeks of DCA on an exchange.

Bitcoin DCA in this period of time is worrying, I now have to wait for weeks before moving Bitcoin into my offline wallet for long term hold, sometimes I have to check mempool from time to time to make sure that the transaction fee is affordable, it's going to be very hard for people that make less money, it's not worth sending $50 Bitcoin with $4-$10 on Bitcoin network, if you do this in few months you will realise that you have spend a lot of transaction fee alone.

I recommend storing your fund somewhere for weeks before buying Bitcoin unless the transaction fee becomes reasonable enough, if not it's better to keep saving up the money first, this will be a very hard thing in the coming bull market as there will be a lot of congestion on the network and only those with the $$$ will be able to do some transactions successfully, it's really a big concern.

I am glad that I already bought some Bitcoin before the transaction starts going up but now I can't make small transactions because I am worried about the transaction fee, I just decide to use something else for daily payment solution.

What you are doing may be similar to what I do by doing DCA every week because buying on Binance exchange and then storing within 1 month will save costs for 1x instead of doing it every week then this might be said to be a waste considering our DCA is not too big then the expenditure of $10 per week for withdrawing it is still quite large of course it becomes our burden.

I always have a target when the DCA has accumulated $100 - $150 after it is high then I withdraw to the hardware wallet for security, so that is the strategy I do because I have never used a low-cost express network even though many exchanges accept this express network, but still the desire on the onchain rather than the express network.

You are free to choose other alternatives, but that's what I do with DCA every week and then make withdrawals every month.

Any will do. They seem to be good plans at all and if the time comes that the price of Bitcoin goes into correction and yet the fees are still not yet fine. I think that you have to do it and take those fees by that time or calculate if it's worth it to pay those fees for you to buy the cheap price by that time. But it's not a problem if you're going to wait until the fees goes down. We've got ways of how to deal with these high fees and gives us more idea on how we'll able to continue DCAing. IMHO, many does this that they keep and save first their money and wait for the right timing of cheaper fees and price of Bitcoin if it's possible then that's when they do the transfers whichever is favorable but much better if both does at the same time.

This is the same challenge that everyone is having especially those that DCA weekly. I know that it is not advisable to keep your funds in CEX but presently,  I think there is nothing that can be done rather than pile up your bitcoin that you bought through DCA on CEX for up to a month, whereby you can transfer them to your noncustodial wallet to lessen the tx fee. I would have suggested that you keep the pile up the fiat for one month before you DCA and transfer immediately to your wallet but nobody can predict the price movement of bitcoin as the price might be higher when you are ready to buy with the money that you have saved for one month than the previous weeks. Therefore, you should use Binance to save your coins but you should also be praying that it is safe till when you will move it to your wallet.

You don't have to be forced to do this as long as you don't need money suddenly or still want to keep Bitcoin because you don't want to sell it at the current price. You can use the time to wait for the fees to become cheaper so that you don't pay more fees when making transactions. So don't think of it as a complicated problem as long as you can still wait for cheaper fees on the current Bitcoin network, because I'm sure this fee problem will change again in the near future when Bitcoin prices start to run more stable.

Sometimes the commissions are not very high and you can take advantage of this moment. But now I agree that the commissions are very high. This has happened many times and always came back to normal, so probably soon everything will become small.

My thoughts exactly are that these is an example of a challenge to DCA-ing that an investor who is committed to investing in bitcoins should be ready to face when they plan to DCA. As an investor you should not allow the high transaction fees affect your investment plan, you have to find a way around it else you will regret it.

If you know that keeping the money meant to DCA while tx fees are high will be difficult for you, give it to someone trusted who can hold money for you.

It's because that we're like that. If we're not going to spend our money for DCA as soon as possible, the chance of it being spent for something else or any othe expenses is very likely.

That's why if you have spare money and you want to DCA it and you want to avoid the fees, there is no other option that's left for you. I'd also gonna try to wait for the network to get some breathe out of the clog that it has got.

But considering that $2.67 is the top priority for doing a transaction as of this moment. I'd probably DCA and have a minimum like $50 and above.

If you notice we are settled in solidly around 45 sats.

So if fees are always at 45-50 sats.

People will have to adapt usage of side coins.

and LN chain .

I think 40 sats could be forced for long time periods.

Many want the process to be fast. Well, Previously it was very easy and the fees were also relatively comfortable and if you felt it was expensive it was very easy to set the sat value if the fees were high. But, in recent days it can no longer be done as it has been locked. For example, if we use Trust Wallet. If you receive 2x receipts and want to disburse them, each transaction is subject to a fee, for example one transaction is set at $3.05 the amount becomes $6.10 for the transaction to be successful.

Well said, and we should even be thankful now that the situation is not as bad as it was the last time a thing like this happened despite the memory usage now being stable above 1 GB. I saw it at almost 1.5 GB last week and I shouted because I've never witnessed that since I started using Mempool for my Bitcoin transactional plans. The last time such a thing happened, even at 1 GB, the fee climbed close to $20 which was almost 500 sat/vb, it could be more then but that was what I witnessed myself. It's not the situation now, the fees are still reasonable enough but might be far above the price you called over time. Fees tend to be lower and more reasonable during the weekend, but from Monday to Friday, we might see some upward trend unless the whole situation subsides.

And yes, people have started opting for the alternatives, it's normal when they will be paying multiples with Bitcoin.

That's right, $50 is the minimum price and if you want to enter more than that figure it would be even better and if you want to do WD after you can earn money later, I don't think it's too much of a cut from your initial capital. But, if it's not necessary, just hold on and continue to make DCA purchases regularly whenever you have extra fortune.

Today the transaction fee increased again by 6%, electrum issued a warning and another thing is that my transaction is still not confirmed ;D ;D. It is true that nothing is perfect and we need to accept, adapt and be satisfied with everything. Bitcoin fees and confirmation times may make us feel uncomfortable, but in return it gives us almost absolute safety. It is not like other blockchains that are vulnerable to attacks and hacks. Anyway the market is correcting, I hope when my transaction is confirmed bitcoin will also reach 38k$  :D :D.

Yeah, as long as the fee is like that make sure that amount or any amount you think that it won't hurt the capital that you're going to send to your wallet. Because the fees are changing and still dynamic.

If you can't take the fee and you're feeling that there's such a waste. I agree that it's better to hold and wait until the fees drop a lot like reaching back to 1 sat/vB but we don't know when exactly that will come back.

I'd say it depends on how much you DCA? I mean it might break the pattern but really, investing idk $40-$50 per week with $10 fees does not seem worth it since that's 1/4 of your total investment already. Maybe set a maximum in terms of fees so that you can guarantee it, and if it goes past that, just hold the money or something temporarily. If you can't hold it then actively look out for hours where the Mempool isn't as congested to get cheaper fees.

LN sounds good if you want to though. There are a lot of guides out there and there are also ones in the forum made by others as well. If you really don't want to break the pattern then I'd suggest go for that, but if you can handle breaking the pattern then it's up to your preference by then.

Sadly this is a big issue right now, those who have $10 -$20 dollars to DCA into Bitcoin every week can't do it right now, they will have to gather up the money for month before they can purchase some Bitcoin, the problem doing this is the value of Bitcoin after every month, what if it keeps going up while you waiting for every month ending?

I still advice someone to do this two days ago as this is the only way for people who have less money to DCA into Bitcoin every week, only $50 to $100 worth of Bitcoin is worth buying with $3-$4 transaction fee, or else you are going to keep wasting money on transaction fee alone, it's not encouraging for beginners at all.

Many beginners don't want to get their heads into things that seem complicated, learning about LN ( Lightening Network ) can be confusing for them, it's a matter of choice at this point but not everyone can go this path.

The transaction fees are currently affecting many people, but those who do DCA are the most affected. My advice is that you reduce how often you send money from the exchange to your wallet immediately after purchasing some coins. Why not leave it to accumulate for a while, say twice a week or monthly depending on how you make your purchase, so that the money spent on transaction fees is reduced? And if the transaction fees decrease at any point in time, you can immediately move them out; otherwise, you should wait to gather them before moving them out. Waiting for a lump sum is not a good idea because you will have easy access to the money and be compelled to spend it before buying bitcoin with them.

I don't know if you have found the right solution to your problem - but personally I can advise you to withdraw once a month once your bitcoin accumulate more. However there is nothing wrong with utilizing LN - it has been recommended for microtransaction involving small amounts of bitcoin. If I were you - then I would only withdraw bitcoin from the exchange every 4 or 8 DCA cycles - that would reduce the transaction fees.

On Binance - you can withdraw your bitcoins with a minimum withdrawal of 0.000005 btc using the LN network. The fee charged is 0.000001 btc - that's reasonable for you especially if buying $10 each DCA. But if you don't trust Binance or any centralized exchange to store your $80 worth of bitcoin in two months - then you should withdraw using LN every week.

If you are doing it on a weekly basis, do it less often like once every 2 weeks, or if possible once a month. It's also hard for me to do DCA because of these insanely high gas fees, so my solution to this is to just hold other altcoins (staking coins in particular) so that I can still gain some tokens while holding it in preparation for the bull run. It doesn't mean that I'm not holding Bitcoin though, but if the transaction fees go back to normal, I will continue to accumulate Bitcoin again. It's my strategy, and I don't recommend it especially if you only want to hold Bitcoin.

Well, as long as those "expenses" that you're saying are way more important than investing it into Bitcoin then I guess there's no problem. After all, it's your money.
Patience. One word that's very hard to apply when it comes to investing. Being patient is very hard because people nowadays don't want to wait for a long time to gain money. If you don't want to pay those high gas fees, it's wait for the fees to go back to normal, or follow what your friend said.

I think there are non-custodial wallets out there that are in partnership with certain Bitcoin-selling services. When you buy, they will directly send you your Bitcoin in your wallet. You can also buy through P2P so that you can request for a lower fee if you are willing to wait.

The problem with centralized exchanges is that they are setting higher fees. These fees are not just for your withdrawal's network fees, a portion of it is for them.

You can also choose to widen your DCA's interval. If you are buying weekly, you may want to change it to monthly.

Storing our coins on an exchange is not the right thing but in my opinion that is if it is done for the long term, for example, more than six months or more, but if it is only 1 to 3 weeks it will not be a problem when you are using a trusted exchange and currently it seems that's the best way to avoid spending more money on transaction fees.
But I'm quite curious whether CEX is currently increasing withdrawal fees due to current network conditions. because the CEX that I use doesn't do that and before the current network the withdrawal fees on the CEX were already high so it wasn't friendly for those who did DCA and withdrew every time they finished making a purchase.

Only other thing you can do really is buy WBTC and just used some L2 like Arbitrum. Fees are extremely cheap and many exchanges support WBTC.

However keep in mind WBTC is somewhat centralized because if the holder company turns out to be a fraud then you will lose your BTC. But if you do it once in a while you should be fine.

Buy WBTC weekly, withdraw and after 10 weeks send it back to exchange and convert to BTC and then withdraw that BTC to the actual bitcoin blockchain.

It is true it is not the best option to leave your coins at an exchange for such a long time, but for the ones that are buying small amounts of bitcoin they may not have any other choice, as the only other option would be to buy an altcoin with a cheap transaction fee and then get the altcoin out of the exchange, and once the fees went down make a deposit, convert to bitcoin and then make a withdrawal, however with so many transactions and conversions it is not clear if any money could be saved with so many moves, plus you are exposing yourself by using an altcoin this way as it could drop in price and make you lose more money than what you could have lost in fees.

In fact, you can leave your coins on an exchange like Binance for a while until the transaction costs decrease. It's still safe as long as you choose a trusted exchange to store your Bitcoin there.

If you are still in doubt, you can look for an exchange in your country. If there is a problem later, you can contact them to ask for help so they can solve the problem.

Another solution is that you can temporarily save the $ 10 in your bank while waiting for everything to return to normal, as you said.

I would say when we are talking about putting in fiat, that doesn't really include that much money to do. I mean from my bank to bank account of binance to put up money, that is nothing, it's free and I do not spend any money at all. That means I have money at binance for free, now that I do that, I turn that fiat into bitcoin, and that only costs the trading fee as well.

This means, I can do DCA with absolutely no fee at all, just a small trading fee, which is less than a dollar. So, I can put up 50 bucks a week and that would be fine. I would still say go for it if you want to, sure transactions cost a lot but in this situation you are not having any crypto transaction. If you do have to, then suddenly that becomes a trouble and you would be right, you shouldn't have crypto transactions at that level per week, it would hurt your finances, but if you do what I said then you do not pay anything and you can do that. I know, because I have done that for years.

But OP and everyone don't want to leave bitcoin on centralized exchanges like Binance. They will still buy bitcoin on centralized exchanges and there won't be significant fees like you said but the issue of withdrawal fees to non-custodial wallets is a concern these days. I have to agree with the OP that bitcoin transaction fees are becoming a headache for us retail investors. I want to sell my bitcoins but the transaction fees are too high and it's causing me a lot of trouble. If I wait longer, transaction fees may decrease but at the same time, bitcoin price may also decrease.

Unlike you, the rise in Bitcoin network fees has had a positive impact on my DCA strategy, as I intended to withdraw some Bitcoin from my wallet to buy some household items but changed my mind as a result of the rise in fees.

The solutions available to you currently are either to use the Bitcoin lightning network or try to send one payment every month instead of sending it every week, or wait until the problem of high fees may be solved.

Personally, I prefer the second solution, i.e. sending one payment per month instead of sending it every week.

The use of Bitcoin's lightning network is actually the best solution, but due to the lack of development, many doubts it.
But now exchanges and some wallets support lightning networks as a way to make withdrawals and deposits with fees that are very cheap compared to regular networks.

This will support for small transactions such as doing DCA on a weekly or monthly basis.
But if you choose to make payments every month, it will be a fairly economical option.

https://www.talkimg.com/images/2023/11/29/NRpMo.png (https://www.talkimg.com/image/NRpMo)https://www.talkimg.com/images/2023/11/29/NRDJT.png (https://www.talkimg.com/image/NRDJT)

That's a problem for some people who take DCA and the high cost approach will force them to hold bitcoin on exchanges, even though we know that holding bitcoin on exchanges is not a viable option because we never know how the exchange will turn out. The amount of $5 to $10 for some countries is slightly larger because it can cover food costs for several weeks.

Utilizing the Lightning Network might be an alternative, but I often use another method where every month I just withdraw assets from the exchange to the wallet I use. At a minimum, it can reduce transaction costs carried out routinely using the DCA method because we will try to accumulate costs once in the delivery period. Both are wise choices and it depends on how someone wants to choose and for me personally I might still choose the second method of the two methods you explained.

It was in fact designed for small transactions like the ones that people who DCA send. It's either that or you save up/go lump sum.

I keep saying that DCA is only if you have no other way of buying bitcoin, so you get a monthly income/allowance/pension and you have to pay your bills which leaves you with a certain small amount of money to buy food, clothes, invest, therefore buying $50 worth of bitcoin every month seems like the way to go.
If you have savings, don't DCA, especially in the bull market when every month of waiting means you get less bitcoin for the same money. Ultimately you want the most bitcoin for the least fiat possible.

One of the things that Satoshi Nakamoto makes us understand in the Bitcoin whitepaper is that,  ~bitcoin should be allowed to develop naturally,' so for such as in the current situation in the Bitcoin network,  there must be a need to adapt to another sector of the networks that serve as alternatives as long as it will enhance your independent and privacy and being part of the bitcoin primary objectives.

I have set up a Bitcoin lightning network and have made a series of transactions on the network with almost zero fees,  so it's an aspect that I may want everyone to take a look at.

The lightning network is indeed a good option but still a small percentage of DCAs save on the lightning network, we know that this network still has few users or needs further development but I think most people still use the regular network to store their BTC.

Currently waiting for costs to go down will take a long time, in fact it has been more than a month since the costs have been above $2 and the average cost is $2 to $4. Profit at this time, so if the situation continues like this then do this option because it will save you money rather than doing it every week. it costs more money if you do that.

I think many people will take this option, including me, who will do it every 1 month or even more to save the BTC that is issued from withdrawals.

Why do people not use exchanges that deal with banks? Local exchanges are a thing. I mean I use something called "paribu" in my nation and that means I send from my bank account to paribu and they do not charge anything. In the end, if you are not happy with that, just make it once a month, surely the price will go up, but calculate how much do you think you will lose from transactions and how much you would earn from the price increase. If buying every week is more profitable then do that, if that is not profitable and you lose then don't do that. Its as simple as that and would definitely give you a great return without a doubt, it should be an important aspect of your investment.

If the maximum monthly purchase is only $50, I am reminded of the Lightning Bitcoin ATM project that can make Bitcoin purchases with Fiat or traditional currencies directly using many commonly used payment methods.

https://btcln.app/atm/, this Lightning ATM is the first Lightning ATM in Indonesia that can support Lightning Network by converting rupiah to Satoshi very easily and quickly.
Minimum purchase IDR 1500 ($0.1) and maximum purchase IDR 25,000( $1.7)
Only 10x transaction per day is allowed.

https://www.talkimg.com/images/2023/11/30/NtnCT.png (https://www.talkimg.com/image/NtnCT)https://www.talkimg.com/images/2023/11/30/NtSOo.png (https://www.talkimg.com/image/NtSOo)

I've also created the thread here
[SHARE] Lightning ATM ( Mainan ) - Beli BITCOIN Eceran Mulai dari Rp.1500 (https://bitcointalk.org/index.php?topic=5404778.0)

And if you are U.S.A. based good luck finding an exchange to do it with.

High fees are not a permanent issue and the price of Bitcoin did not change much during this month. Instead of buying Bitcoin daily or weekly, accumulate Bitcoin and buy once a month or every two months. Thus, even if you pay $20 to confirm the transaction, it will be much less than the amount you use to buy Bitcoin in particular. With prices like these.
Leaving your money on the platform is not considered a good option, as there is a possibility that the platform will go bankrupt or your money will be confiscated, so buy in one payment only.

This isnt the first time but for those who are just new and recently dived in into this market then they would normally be freaking out on whats fucking going on with the fees.They are expecting less but it turns out that it is almost that reaching up $20 but well this is much still better if we do compared into those erc20 or simply with ETH transactions on which everyday is incredibly high.  ;D

If we do tend to check out https://mempool.space/ as of this moment then the fees is gradually lessening to 2 bucks which it isnt that bad compared on past days.
Its not always that be like this, there are really moments specially on that brc20 spam which i do heard of.

Its not something new and if you are not that willing to spend up to those high fees then let it subside and wait whether a few weeks i guess or  few days but usually
it do really takes some weeks before everything would goes back to normal.

After Binance and Kraken got into trouble with the SEC, there are no more exchanges supporting Lightning for the US region.
Bitstamp, though still operating, does not accept deposit and withdrawals using LN.

There is only Coinbase, but the implementation of the LN network is still in the planning stage.
The U.S. is getting more and more rules, but are you free to do anything there that doesn't have to do with crypto?

https://github.com/theDavidCoen/LightningExchanges

High transaction fees are going to affect everything and Investing weekly is just one of them. I'll go with the advice of keeping your money and saving it upto a month before buying and your DCA will change from weekly to monthly. When the transaction is back to normal that you can use cents to send your transaction that's when you can return to weekly investing. Change is constant and adjusting to find a better way to works for you in life is very important.

Only those individuals that have the money to spare that can be putting up high fees for miners to mine their transaction first but if you don't have the money then wait for the network to be less congested and continue with your transactions. Also you can use accelerators when your transaction are delaying, we have free accelerators that'll help you to accelerate your transaction since you don't have the extra money to pay high fees.

This is more like it and I see huge sense in your position on this. Even though the transaction fees has significantly reduced from what it was few weeks ago, it is still too high for someone performing weekly DCA especially when the capital is not that big. At the peak of the high fees, there were transactions whose fees were higher than the amount being transacted like those doing $10 - $20 weekly DCA. In a situation like this, it becomes extremely difficult continuing with the DCA method. Even the monthly DCA under this arrangement is not sustainable because it does not feel logical spending $33 to withdraw $80 into a private wallet. Well, it is good the fees has reduced of recent and soon it will become normal again.

The high transaction fees certainly becomes annoying. Everyone gets affected and is really sucking into my nerves. But what else can we do than to wait for days or weeks until its back to normal. That's why instead of withdrawing or doing DCA weekly, do it monthly just to save up with the fees. For me, this could be the best option, unless if you decide to stop doing DCAing until the fees drops and return to normal.

Patience is the key. We all know that it won't take long and the issue will be fixed again. But my advice is never resort spending to other matters using your DCA budget.

OP, just like Boss OgNasty has said, another reputable member has also said this before: inasmuch as it is not safe to store your coin on the CEX, keeping your coin there for just a little period of time doesn't mean that your coin will be stolen or the exchange will be hacked at that very moment. Since the fee is high, if you DCA weekly, you can possibly accumulate the coins on the CEX for up to a month (4 weeks) or even eight weeks before you use just one fee to withdraw all the coins you have accumulated for the eight weeks.

I don't mean to offend but if you use btc, transaction fees of 10$ and below should not be a problem for you, if you have above 0.5 btc I think paying 5-10$ of 19k$ is not too excessive. but if you still want to use it, you have to pay attention to safety.
I wonder why people make a big deal out of small things when you are on to big things.

Well, the high fees are a concern for those who make frequent transactions, that's true. However, in your case, though I'm also not a fan of keeping a lot of funds at exchanges, I believe that's the only option you have for now. As suggested by others as well, maybe make withdrawals only after a month or so instead of doing it on a weekly basis to reduce the amount you will have to pay as fees, and who knows? The fees might become normal after some time.

One more option that you have is to use a P2P trading platform and keep your assets in a decentralized wallet, but to be honest, I don't consider decentralized wallets to be completely safe because they are vulnerable to exploits, hacks, malware, etc., since the wallet is connected to the internet all the time.

What causes the high fee of bitcoin transaction is the mempol and when the transaction is congested its when we are charged to pay a higher fee, it will be nice or encouraging to use all this exchange wallet to accept your bitcoin for easy exchange, because their is no way you can escape the high fee if you are making of none custodial wallet, like now when you are accumulating your bitcoin you may likely use none custodial wallet until the mempol of bitcoin transaction will calm down, so I think its advisable to use all this centralized wallet currently to accept your bitcoin for easier exchange.

There's no such thing about 100% safe but if we do try out to compared on making use of a non-custodial wallet into a custodial one then we cant really be able to deny that nothing beats out if you do have that full control of your coins or assets into  your non custodial wallet on which you do really possess the keys and having that control unlike when you are really that storing those coins into an exchange.
Somewhat its true that dealing up with exchange does have also that kind of convenience on which it would really be just that most people do prefer because it is really that fast and convenient but
in exchange then it would really be compromising that kind of security.

Going back into the situation of high fees, then it would really be just that normal that people would really be finding alternatives just to avoid on paying up those huge fees.
They would be neither on halting up on making some transactions or they would really be that willing on spending up some fees just to make those transactions pushed through.
We do have share on the same struggle specially into those people who do have less money but for those rich out there then these moments wont really
be  that much of an issue.

At least the transaction fees are quite low compared to the past days but yes, still was not good looking and disappointing since it was not the normal trx fee we see. We are not sure how long this situation went okay but we have no option other than just wait or have to pay it. Yes, it was a good decision to just buy BTC in bulk like doing this once a month than paying $3 - $10 every week.
I've noticed that there is a time when the transaction fee is low, we can take advantage of it. We just have to monitor the market changes and timing.

For those who strictly adhere to a DCA strategy, the fees are a pain in the ass without a doubt. It depends on the amounts invested every single time and also the frequency, but I think for those who decide to stick to DCA, any excessive recurring fee isn't nice...

I know this has been shared somewhere else a couple of times, but if it helps someone to understand how to time transactions and how to best choose any fees they are fine with, this website (https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight) is a helpful source.

What are the fees currently from the most popular exchanges you guys are using? Are most of them flexible or are there exchanges with fixed high/low fees?
 

I think waiting to return to normal in transaction fees is still not certain this has been happening for months the fees are more expensive than what was thought so waiting is not a good solution it will hinder your DCA when you want to continue to accumulate it, so I think to be more efficient then do it once a month, so I think it is still very reasonable if you have to spend about $3-$5 for withdrawal fees.

I don't think the fee will be normalized in the near future while the ordinal is in high demand and maybe now more because it will enter a new hype trend then it is clear that it will be high for bitcoin network fees.

Don't stop DCA keep doing it if you can.

High-fee transactions not only affect people who are DCA-ing their way into accumulating BTC.  This also affects merchants that have Bitcoin as a mode of payment.  Anyone who uses Bitcoin as a medium of exchange is greatly affected by this surging transaction fees.

Some merchants due to these high fees even disable their BTC payment option and use other forms of cryptocurrency that have a smaller fee.  If this continues, the Bitcoin market may find itself plummeting because of pulling out of demand and funds moving elsewhere.

It do really give out that kind of feeling on which you would really be not liking on missing out everything! On the time that the network would really be spammed out with those tons of transactions on which it would be causing up that kind of high fees then you would really be that definitely having that kind of regret on not to be able to DCA specially on the time that you are seeing some buying opportunity then you wont really be having no choice whether you would be paying up those high fees or would really be waiting for things to settle down. but if you are willing to spend $20 on maximum fees just for you to DCA then it wont really be that an issue specially  to those who are in for long term but for those who do make out some scalping or day trades then with the current high fees then it would really be that a pain in the ass on making transactions.

Just like been said that not everytime we do have this high fee kind of condition on which there are really times or moments that the network condition is congested and it doesnt really
take long.So for those who do really have only sufficient money for them to invest then they would really be just simply waiting up for the network condition to subside before
taking any actions.

There are some possible solutions that they can make so that they can keep on receiving BTC payments. There will be some exchange that they prefer to have for off chain transactions to happen and that's an instant and fee less method but not all customers have these funds on their exchanges but in fairness to these merchants, if they have these options they are still continuing to accept this payment option and won't disable it due to the fees. We're all just trying to survive and with any situation in the market even if the fees are that much, we're looking for the best options to make.

Now, here we go again with this kind of situation which we do have that clogged up network
which do really sucks.

No Priority
32 sat/vB
$1.88

Low Priority
202 sat/vB
$11.89

Medium Priority
222 sat/vB
$13.06

High Priority
232 sat/vB
$13.65

https://mempool.space

You would really be definitely be hesitating on making up some active transactions from transferring coins from your wallet into exchange platforms
unless if you do have some funds into your exchange then it wont really be that an issue or problem but if there's none then you would really
be needing to deal up with the fees. I was actually waiting for it to be going down in <20sats/byte considering that it did really
go below <40sats/byte but here we come again into this situation which it do really sucks big time.

OP is not sending coins from wallet to platform but rather from exchange to non-custodial wallet.

I just checked the BTC withdrawal fee from Binance exchange because this is a widely used exchange that charges a high withdrawal fee of 0.0004 or the equivalent of $16 that is really heavy for those who do small DCA then it will be very unfortunate with that large fee.

It is very difficult to see 20sats/byte of course this sucks but the fee in the mempool continues to be high never dropping to low.

Merchants still need to use those coins, so imagine you sold 100 memberships of 10$ and now you have to use those $1000 to pay you bills and you have a 100 inputs tx that is going to cost you $600 at the next current block fees!
So from the start you've earned $$ instead of $10 for each of those 100 sold memberships!
Would you still do it?

I think he refer to the P2P in the exchange where you can sold your Bitcoin or USDT for a fiat. Example Binance, if you want an instant withdrawal without paying for a fee then use the P2P feature in Binance. The merchant is the one who posted an ads to sell/buy their crypto for a specific price, if you can afford the price just follow the simple instructions provided by them. This way we can't be affected by the high fees that cause by network congestions.

When you have big money, I’m sure you’ll not talk about the fees anymore but of course we are talking here in general and we cannot blame them to rant because of the fees because its true after all. A higher fees affects the small time DCA investors and that includes me. My strategy is that, i save money first then if its already within my minimum target deposit then that is the time I will buy, though I do DCA with stablecoins during that time and will just trade if its the right time already.

I'm not sure commented on this topic before or not because the topic is quite old, I've scanned it and haven't found any of my comments but it is worth discussing, maybe it can impact the newbies and users can prevent it, as mostly we buy through the centralized exchanges and if the buyer is newbie investor with small portfolio he should prefer holding the funds on the centralized exchanges till the significant amount and then moving all those funds together to the hardware or any self-custodial wallet.

The network never always remains congested and high cost, it varies from time to time, currently, the network cost jumps are due to the BRC-20 ordinals, and I've encountered many people strongly opposing their existence on the network may be shortly a BIP will fix this network over-loading shit.

Not all would really be having that deep purse on which it would really be just that normal that they would really be making out those kind of reactions basing up on the current fee that we do have now on Bitcoin.
As of this writing it is almost reaching $40 on which this is the highest fee that i have seen on Bitcoin network on which it is almost that getting in line with ETH transactions fees on which it is really that absurd on making transactions as of this moment as fees would really hurt you so much.

Yes, ive been able to hear out this shit on which that shitty brc20 do really make out this spam in the network specially on bitcoin on which it do really sucks that it is really that
becoming too often on having this kind of spam.For those who are just having that small amounts then it would really be that a pain on making transactions.

To be honest, I would not pay $12 for just a transaction. It's just too much for me. I would rather let my funds sit on my wallet and let it be until this shit ends.  It's just not worth it. If I could save even $2 per transaction, I would happily save it. Imagine how much would it sum up in a year.

That is completely understandable. I’ve had a lot of people lately tell me that they don’t want to spend Bitcoin to buy my goods because of high fees. I’ve started accepting pretty much any major altcoin as a result, which has left me with an interesting mix of coins, but it shows that high fees are most definitely punishing Bitcoin vendors and customers alike.

Fees are definitely an important factor for those doing DCA, especially who doing small amounts every month of week. Over the past few days, the abnormal increase in the value of some BRC20 tokens has caused network congestion and continues to do so. While this situation is not a problem for large investors or holders, it is a big problem for those who are small investors or holders especially those who collect bitcoins weekly or monthly. Here I think if the holders temporarily hold the bitcoins in the exchanges and when the effect of ordinal decreases then the transaction fee will be normal again. At that time they can collect bitcoins. Or you can keep your money for a few months to collect bitcoins again when the fees decrease.

Yea, if is true... Someone making transaction $2000 will not mind paying a transaction fee of upto $10. But someone who is on a weekly DCA of $20 will not be comfortable paying a transaction fee that is up $5.  I support your idea of temporarily holding the coins in an exchange and allow it accumulate before sending to the private wallet.

No matter how risky exchanges are, we need them at this time and it is good that before anyone uses an exchange, they should ensure that it is somewhat a reputable exchange. There are some exchanges we are sure that they are not winding up tomorrow. So, it is fine we use such exchanges at this time of mempool congestion.

We have no other choice but to hold assets on exchanges due to unfavorable transaction cost conditions, but most traders store assets on trusted and reputable exchanges because in many cases they lose assets on exchanges unexpectedly and they have experience holding assets temporarily on exchanges. , when transaction fees are normal, immediately transfer bitcoins to a personal wallet or hardware wallet for asset security.

The impact of market correction is also beneficial for those who will increase bitcoin assets using the DCA method, they can collect more money while waiting for normal transaction costs, they will buy more bitcoin at the dip price, bitcoin may be corrected below the price of $40k if we see support a price of $40k that can't seem to survive the impact of a market correction.

I do agree that it is not going to be easy but I also believe that we need to start trusting the exchanges again. I get that some people may use some terrible exchanges, I have seen one exchange where the whole volume of the exchange was 780 thousand dollars, I am sorry but if an exchange has less than a million dollars in profit, then it doesn't really look like it is that much of a big deal, I think it is really not that much of a profit. I get that it may not be all that crazy, so we need to end up with something that is better, we need to accept that it is going to be a bit different situation.

I agree that it is not that common but I agree that it is going to be a tough deal on the long run, it has to be a bigger exchange, but not trusting Binance type of places will not work neither.

It is really hard, especially for those that are in a weekly DCA. What I plan right now is to just standby my funds in an exchange since I have plans to trade actively starting next year anyway.

But overall this is an issue that needs to be addressed. A lot of people wanted bitcoin to become a currency for our day-to-day transactions. I used to buy mobile loads using bitcoin. But at the current network fees, it is becoming impossible, especially on small amount transactions. And without a solution, altcoins will continue to flourish which I don't mind either as long as it is as secure as bitcoin.

Currently, it is not possible to use it as an everyday transaction because the gas fee required is quite large, and this network congestion makes the fee even higher.

I am now also stuck, and it has been more than 6 hours since the transaction I made using a

fee of 111.51 sat/vB, $6.8
Transaction status Waiting for confirmations 0 of 6
Queue: 17081 of 232792
Est. Time to 1 confirmation: in 1 day

It will take a while, but I just leave it alone.
Especially if the transaction is small, it will not be worth the fee needed.

But actually not without a solution, the Bitcoin Lightning Network can actually be the right solution, but it is still under development and the support of the Lightning Network is also not evenly distributed on all exchanges because there are rules for using the Lightning Network.

But if you want to switch to altcoins to avoid network congestion, Options on ETH might be better or for faster and cheaper networks are BSC and TRON.

High fees on the bitcoin blockchain have happened occasionally. But it hasn't been prolonged. Although now the commissions are really unreasonably high. I hope that the hype around brc-20 tokens will stop and the commissions will become small again.

It all depends on the centralized exchange you using for your DCA for Binance I don't you will spend that much for withdrawal and besides I won't encourage you to keep making every single withdrawal whenever you do DCA of just $10 per week it reduces your accumulated funds. So, the best option is to hold to some certain amount maybe from 300$ and above then you can withdraw it and make expenses in just a fold or in every 2 to 3 months but I believe Binance charges not less than $2 or $3 for BTC withdrawal Depending on the price at the moment.

What we are currently experiencing with bitcoin network fees really sucks and we have no alternative that an totally solve this problem even looking at long term solutions,  I have being having problems moving my Bitcoin around since the past 3 days now and reasons being that the transaction fees are too high considering the amount I am sending, sometimes I which we have an immediate solution to it because this hyke in fees is making Bitcoin unusable for small investors.

And even the big bag Bitcoin holders also suffer from the same since they have to pay high fees just to send Bitcoin around because the amount in fees can be the same as what it used to be before the network hykes,  and no matter the amount the hold it will impact so everyone in the industry is really facing it in this period.

I see the current situation has faced struggles for all of us, many people can send/withdraw their funds due to high fees. Last 2021 we experienced a surge in fees, we can check it here https://ycharts.com/indicators/bitcoin_average_transaction_fee but it was just a short time. Unfortunately, what we have now is quite different as it is already 2 months (if not mistaken) and we are still uncertain how long it will last.

If we are doing DCA, we'd rather not do it now, better save it and wait for the fees to calm down.

Transaction fees will always change and will always become smaller when Bitcoin price volatility begins to improve and does not continue to increase as it is now. Because when Bitcoin's price continues to increase, it can also affect the size of transaction fees on the Bitcoin network, making some people complain about it. However, I also believe that things will not be like now because the decrease in transaction fees will return to normal again when there are not too many transactions at one time.

Transaction fees have gotten so high that they’re effecting everyone, not just those dollar cost averaging now. All you can really do is keep stacking and letting other entities hold your funds until fees become reasonable again. Pretty much the entire Bitcoin ecosystem is grinding to a halt right now. Hopefully things get better. Without raising the blocksize limit, hope is all we have.

The best method is holding your coin and it should be the method for now until when the charge of bitcoin will come down, I know quite well, that what will lead people right now to be holding their bitcoin will be as result of high fee, like if you want to make away with payment of high fee by transferring it to an exchange from signature payment, you have to change your wallet address to exchange address so that when you receive a payment you can easily exchange it safely without any charge

For those who do have other source of funds or have some altcoins in their stashes and tending to have some gambling or trying out to make trades then high fees wont be a problem yet most of coins (except EVM's)
does have that high transaction cost and for those people who do have only less money will really be seeing this to be a non pleasing situation on which it would really be just that right that you would really just simply hold with those coins, but what if you do really need money? whether you do want to cash out because it is something important? Not all would really be always having that fiat to make use of.
This is why it would really be leading you have on no choice but to deal with those high fees.

For those people who do have tons of money then it wont be an issue but we know that not all would really be that rich who dont mind about fees. It do really sucks and really that hassle
when we do have this network clogged or traffic. Although it doesnt really happen all the time but once it do happens then it would really be that too hassle.
You would really be just needing to adjust or finding up ways for you to lessen fees or wouldnt really be doing any transactions at all.

I know it's a late post but I just realised that my style of DCA enjoys an added benefit during these high-fee periods. I don't buy, I earn (freelance, invoice in BTC) so I generally do get paid on time all the time, the fees don't account for much overall and the client pays.

However, now that the congestion has been prolonged beyond expectations, there are some (small) issues):
- clients now asking for alternative like stablecoin. $50 suddenly feels too expensive because they can't really control inputs. I've had to give in this month already
- My inputs are piling up. I did consolidate a while back and used to do so often but I've been holding off... meanwhile my inputs are adding up. Not worried at all, of course, I always wait. But can imagine smaller and more frequent DCAers are holding their breath as tx sizes go up.

Your quoted fee is very small compared to what I have been seeing since yesterday, this is why I have not moved my BTC till now. The fees can be very discouraging and annoying at times and I don't see the way it will not affect businesses negatively if it continues like this. It's a very bad discouragement for those who also want to newly participate in Bitcoin. No wonder that people are resorting to alternatives, they cannot continue with this when other coins are charging a very ridiculously low amount of transaction fees. Although this can't affect the main OP much, he should only try to know the right time to move his coin at the best price and that ends it.

Also, I read of the option you suggested, I think it has not gotten to that when it comes to personal Bitcoin transactions, but when it is a company sending it directly, there will be a problem. If it is a personal transaction, I urge the person to use the free service of ViaBTC, which is what everybody is using now. It doesn't matter how many times the guy uses it and it doesn't record the user profile but only the transaction involved. Once the transaction has a minimum fee required, then it will be processed. The ones I have done were processed within 1-2 hours of using the service and so long as they mine pool, it will be done. However, the least I have tried with them is 18 sat/vb transactions, I don't expect anyone to also go lower than that. This is a small amount that anyone can cheerfully pay at this congestion time.

in the end everything will be fine and those who panic too much about fees that are too high certainly don't have a strong stance to stay with Bitcoin. if the costs get higher I just stop and observe until the costs return to normal. DCA certainly doesn't have to always be on time, also looking at the condition of the Bitcoin network. if it's too expensive then collect it and buy it when it gets better.

Its not that they dont really have a strong stance about Bitcoin, it is really just that we arent get used to it. I do agree into those sentiments above that this isnt something that it is really that too often if we do speak about network congestions. There might be some time but it isnt something that we can really be able to experience every now and then. Recently we've been experience twice conditions on which the
network had been spammed out and it do usually decrease or goes back to normal after a week,and here comes now that the network congestion is getting worst again and again.
Some do point out those fingers with those BRC20 related things.

Hope that it would be solved out soon on whatever problems that we are experiencing today. I cant really deny that its quite hassle when you do make out some transaction.
We do know that not all would be holders, and some are really just that making those active transactions specially from CEX into your personal wallet or
even just doing some gambling. Moment of having breaks takes longer just waiting for the fees to subside.

This is not about a strong or weak stance in the Bitcoin network, it is basically a fact that Bitcoin transaction fees is so high right now that it is making Bitcoin practically unusable. Nobody is panicking because of fees, people are just complaining or stating how much they have to pay in fees to send Bitcoins to someone or to use it for some other purpose. Whilst some people can wait for when the fees would drop, not everybody has such privilege, some want to move money quickly or convert to fiat for something important. I know there's prolly nothing you or i can do to rectify this, but i wouldn't slag off people who are moaning about it.

If you look at the timing, things are still not back to normal as usual because the prospect of Bitcoin movement began to increase after the previous decline and continues until this moment,  I think the reduction in high transaction costs will occur if there is congestion and this is very relevant and fundamental because the problem of transaction congestion is often related to the capacity of the network itself.

It can be imagined that if bitcoin is used for daily transactions with fees that must be spent above $10 at least, people will be reluctant to use this kind of transaction.

Many people with transactions are stuck at the moment, they choose a lower sat / vB as a result the confirmation is long, if this is not for emergency needs then wait more patiently, because I was stuck in this transaction a few days ago.

Now that the bitcoin network is still under development, it is difficult for many people to switch to LN, some exchanges also set minimal deposits compared to the onchain network.

Actually, the ETH network is also expensive Gwei now $2, especially if you want to send tokens from the ETH network even higher gwei.
Because this is the DCA of bitcoin, it is impossible for them to switch to altcoins.

Another day and the mempool is even more full. Currently it costs almost double what it did yesterday to get a transaction onto the blockchain. I had assumed this backlog would have been getting worked through by now but it is still getting worse. People are having to spend a great deal to get anything through the network right now.

Yes, it is. About 300 sats/vByte for confirmation in the next block, which affects those who do DCA, who if they buy small amounts have no choice but to reduce the frequency to reduce the proportional impact of fees, as discussed.

At some point the fees will have to come down, what we don't know is when. There seems to be a lot of retarded people with money willing to pay a lot to put their junk on the blockchain.

Just do it slower and there won't be a problem, too many people try to do it quickly and all the time which causes the trouble. There are way too many people who try to make it work one way or another and they are the real trouble here, they need to do a lot better in order to make sure that they are getting a good return. If you get money once every week and try to buy bitcoin once every week then yeah you are going to be hurt, and depending on the amount of money then maybe once every month as well.

However, if you could wait until you have decent amount of money, then you could do it then, which means that you need to learn to wait. Plus, it is not transaction to buy bitcoin at some exchange, so it shouldn't really be a problem.

The price of bitcoin and the cost of transactions do not correlate much. Now the cost of commissions has gone up because of the popularity of brc tokens. You are right to say that the price of commissions will be lower when the bitcoin blockchain is not as busy as it is now. But for that we need improvements in the code.

If we are really just trying to look on whats the actual thing which is happening on why these sudden spike on fee?

The primary cause of this spike can be attributed to increased network activity. The bitcoin network saw a surge in transactions due to the popularity of BRC-20 tokens and bitcoin ordinal inscriptions, leading to increased congestion. The number of pending transactions piled up to 470,000, creating a backlog in the Mempool, the network's temporary repository for all pending transactions awaiting validation​​​​​​​​.
 (https://www.forbes.com/sites/digital-assets/2023/12/18/bitcoin-fees-surge-reinforcing-the-networks-antifragility/?sh=333304173d32)

Just like into those sentiments above, it is really just that too shit for this Brc20 tokens that currently been flooding into the market.
Transaction numbers and fees cost are really that sky rocketing.

This is indeed quite pronounced especially if our choice does not want to leave the assets we have on the exchange but in this case it does not mean that we cannot minimize it.
I still run my DCA even though the current transaction costs are still quite large but for me personally now I still dont feel a significant impact in this regard.
Indeed i also don't really like it when storing assets on the exchange but from the beginning of my DCA I always made purchases on the exchange until a month or 2 after that I moved it to my personal wallet bcause it was to minimize shipping costs every week even though it might not be very popular with most people but I think it's still very worth it to do because regardless of the high cost or not in this case we also know that its not recommended to keep assets on the exchange for too long but that doesn't mean we shouldnt do it if there are some considerations to think about such as reducing the burden for shipping costs to the main wallet.

It does hit really hard for people who like DCA and do not keep their money in centralized exchange, in fact because this F*cking ordinal is really hard for everyone except the miner who get 3-6 Btc in a single block.

Merchant or a freelancer like will be also hit by the high fee because they should consider the fee and must to add to their service for a freelancer and merchant might see less people using bitcoin if this not allowing down

everyone that isnt moving +10K around is going to have to move down to layer2

there isnt enogh space on L1 to move 200-300$ at a time, we got small .Png files to move  8)

Bitcoin transactions are currently the biggest hurdle for those investing in the Bitcoin DCA system. However, in case of Bitcoin investment, the transaction fee will not be a problem because you can earn extra money from it. Investing in the DCA method will certainly cost more, which is why holders are currently facing the most pressure for rising Bitcoin transaction fees.

The popularity of these shitcoins has really had a very bad effect on transaction fees. And the worst part is that these brc-20 are appearing more and more like it was once with ethereum. The fees were huge back then too. But there is hope for bitcoin developers to somehow influence these tokens.

On the one hand, miners are really benefiting from the current conditions, I mean they are actually generating good income as long as transaction fees are expensive. Minners benefit at the moment, but this situation is very unpleasant for users. I checked the last 3 blocks to find out the transaction fee amount for each block, here's an example:

The next block from the block you mentioned experiences an increase in fees. Starting from block 822371 with total fees ‎2,003 BTC $87,417 to block 822379 total fees ‎reaching 1,893 BTC $82,763.
There have been 9 successful blocks with costs increasing from the blocks you mentioned.
I think that this is the time for miners to get more profits than they usually get when mining.

https://talkimg.com/images/2023/12/22/IMniz.png
https://mempool.space/block/000000000000000000042a22d5a1904e50644c58df0eb1b351c03624f62aa950
Images can be enlarged in a new tab.

The second option sounds better, they way you spend less on transactions because you transaction fee will be charged on every transaction, but if you sum up the transaction for a one time you will end up spending less, if you do transact three or four times a month, you could sum them up to one or two transactions a month and you transaction fee on your DCA could be fair than it would be if it's done weekly. You may get a separate account for your DCA with limited access so you don't get to spend it on something else at the end of the month you DCA.

I don't think it has anything to do with panic or anything. It's something very clear, fees are very high and they are affecting almost everyone not just people who panic because of small things. Even if I'm a very big Bitcoin believer and I never panic, I would also be affected because of high fees if I make transactions regularly whether it's because I'm DCAing or for any other reason. It might be possible for some to delay their purchases or transactions, but that's not what everyone can do.

Do you think that the entire Bitcoin community can simply hold their assets and make no transactions at all? That's not possible and it's never going to happen. However, those who DCA using centralized exchanges, can simply buy some USDT inside the exchange using P2P trades and then buy with that money and keep it within the exchange until things start to normalize.

This is a big problem for those who transact small amounts with Bitcoin due to its high transaction fees especially those who follow DCA. But since this is a temporary problem, getting excited about it will not find any solution. But now the only solution for those doing DCA is to use Exchange platform. DCA is done by holding it on the exchange platform until the transaction fee is reduced and i think with in shortest possible of time there is no inconvenience to the users. As soon as the transaction fee is low, it can be transferred to different wallets according to one's choice.

It does seem kinda unfair to act like people are just panicking when they bring up the high fees.  Like you said, even big Bitcoin fans can get slammed by the fees if they need to move their coins around a lot for dollar cost averaging or whatever else.  And some folks actually do use Bitcoin for everyday buys, so when the fees spike, it makes those transactions stupid expensive or even impossible. 

The exchange thing you mentioned could be a workaround for avoiding the fees when DCAing but it's not perfect.  You still gotta trust that third party, which opens up risks and  plus it doesn't really fix the underlying issue here - those high fees are still a problem for Bitcoin as a whole.   

There's legitimate issues around Bitcoin scalability and fees that still need solutions.  We gotta have open and honest conversations to make progress. 

Of course miners have a huge profit because of this situation. It was the same before with ether, when defi and so on appeared. But for ordinary users it is a nightmare. For example, to make a purchase for $20 in bitcoin, you have to pay the same amount of fees.

Checking out those accumulated fees on each block then thats really a hell a lot amount of money on which it is really that an advantage for miners with this current condition of the network on which they could really indeed make money but its true that it is really indeed a hassle thing for those who do make out those small buys on which you cant really be able to hedge even with the slightest profit on which these fees could really make things that giving that headache as if you wont really be able to set out with those small fee amount then transaction would really be that delayed for long time. This is why i have that made out a decision on
making some skip of doing transactions a the gas fees are really that on the rooftop and its never been that a good thing to hedge up.

So to those who are affected then it would be always better that you should just skip on making transactions and wait up for the network condition to normalize which it do usually goes
for a week or so but it seems that this situations comes to often now just like on what said above.

Yeah true, but the logic stands, if you want to do DCA, you do not get hurt by the transaction fee. If a person doesn't want to use centralized exchanges, that's their deal as well and that's what they want to do, but that's not the problem of the fee, that's the problem of not using any centralized exchange.

It has been said a million times, if people want to avoid the transaction fee when they want to DCA, then they should use DCA and they will do fine, that should be something better. I do believe that we need to get something a lot better with time, and it is not going to be all that easy, but we need to end up with something that should be profitable in the end, that's just how it works and how it should be profited easily.

I think all miners also have different fee structures and that's the most common way they earn income nowadays. Our best solution is to make sure and analyze it carefully before finalizing a buying or selling decision because nothing is free, all transactions will be subject to appropriate fees.

Personally, even if it's urgent, I always set a standard fee because at the latest the transaction will be completed in around 6 days and will land in the wallet I designate. Yes. This is all called a process and this is not a coincidence

If the miners are truly benefiting this much in a single block, it means they will keep spamming the network in the name of ordinals and by this, the mempool will keep congested and they keep benefiting from it

The DCA people are the most affected. But then, a weekly DCA person may likely turn to bi weekly DCA. Someone in bi-weekly can turn monthly. The freelancers can decide to use alternative coins to receive payments.

Remember while you wait for the fees to go down you may be a victim of the fact that bitcoin may be getting low in price and by that, the amount you were trying to transact will be low as well. If you wanted to send 0.0072 BTC at 31 dollars when the price was at 42k if the price goes down to 41k you have to increase the amount of BTC to get 31 dollars. So you're losing more of your BTC. I think there should be a better solution for this if a person have to wait for the fees to go down. Who knows it may take longer or sooner.

It is tough to come up with a solution for people who want to stick to their DCA plans and aren't transacting thousands of dollars. I know that holding anything on exchange is a bad idea. But if someone has a weekly DCA plan and a reliable exchange, perhaps a temporary solution could be to only withdraw every four weeks. It all depends on a decent assessment of the risk factors, like amount of money involved and reputation of the exchange (as far as it is possible to judge that - kind regards from FTX).

But bottom line is that DCA for people who want to control their PKs and do it properly is cumbersome during times of high transaction fees.

For someone who have thousands of dollars for them to DCA then this kind of transactions wont really be that hurting so much yet it would really be just that peanuts if we do speak about transaction fees.
Just like on what people been saying above is that into those people who do only have few money or just not that too much funds will really be having a hard time on making DCA when Bitcoin drops
or if they do really see up such opportunity. Those people who do have tons of money would really be always having the advantage and feel sorry for those who do have less.

Well, there's nothing we can do about on the network condition on which you wouldnt really be having no choice but to deal up with this.We
cant really be having that high fees forever on which it would really be that coming into that time that everything would normalized.

Certainly yes. That means the amount of bitcoin to be DCA will be lessen because of the expensive transaction fees, and opportunities will be minimized. But we all know that this won't take forever as the market will recover again and transaction fees will be back to normal. However, if you are determined to maintain the amount of bitcoin through DCA, then that's the time that you should pay the price, otherwise you will lost the opportunity to save and store bitcoin for long term.

For someone who have thousands of dollars for them to DCA then this kind of transactions wont really be that hurting so much yet it would really be just that peanuts if we do speak about transaction fees.
Just like on what people been saying above is that into those people who do only have few money or just not that too much funds will really be having a hard time on making DCA when Bitcoin drops
or if they do really see up such opportunity. Those people who do have tons of money would really be always having the advantage and feel sorry for those who do have less.

Well, there's nothing we can do about on the network condition on which you wouldnt really be having no choice but to deal up with this.We
cant really be having that high fees forever on which it would really be that coming into that time that everything would normalized.
[/quote]

Alternatives to continuing DCA while giving up on self-custody obviously bring in some other risks, but if someone doesn't have a lot of money available, but is fully determined to pursue the DCA investment plan, I guess the best decision would be to do that on a reputable exchange and take the Bitcoin out in reasonable intervals to save on fees. It is far from perfect, but it can make sense from an opportunity cost perspective. But I would definitely pick an exchange that has existed for a long time and is so far not known for shenanigans that could threaten its continued operations. You can never know, but there is also not much else you can do.

Indeed. These high fees will force most people to keep their coins in a centralized exchange. This is bad for Bitcoin, but good for mainstream governments. Maybe this is part of an agenda to prevent self-custody of BTC in the long run? With high fees, it's impossible to use Bitcoin as digital cash. It would only work as a store of value for large money transfers. Most likely, the wealthy (elite) and whales will be able to move their BTC on the Blockchain without issues. Average people will be forced to move to altcoins with lower network congestion.

Even without Ordinals, fees were going to increase if BTC went into the mainstream. It's developers' duty to improve transaction capacity by increasing the block size. The Lightning Network is not a definite solution for Bitcoin's scaling issues. Whatever happens in the future, rest assured BTC won't disappear that easily. As long as decentralization is preserved, nothing else matters. ;)

That's true, because I also faced this fee challenge now and it got worse few weeks back when the fee was crazy high, I normally buy Bitcoin through binance P2P trade and although it's a small amount but I really don't care so long the process is a continual one but the problem now is not buying but actually when you want to move the coins to a non-custodial wallet like electrum for safe keeping because with all the incident I have read and happening that have occured, I can deduce that keeping your coins in an exchange is not an good idea at all but the issue is how can you move coins out when the fees are fucking crazy.

Well spoken Abiky. It seems you have done a comprehensive underground study of what is happening with the problem of high transaction fees these days. If this is true that the plan is to prevent people using bitcoin as a means of payment then they are going contrary to the whitepaper and the vision of Satoshi. The only way bitcoin can be considered as a hedge against inflation is when it is being used as a means of payment. Not everyone wants to hold bitcoin or be a bitcoin investor and not everyone wants to trade it or store their value in it. Its a matter of choice.

If this high transactions fees persist a lot of persons will migrate to other cryptocurrency which will leave bitcoin to less adoption.

You can only do DCA at a centralized exchange. For non-custodial transactions, you're going to have to wait quite a long time until the dust settles. Things are going to get worse once the BTC halving takes effect in April 2024. That's because there will be FOMO, adding greater congestion to the Blockchain.

Some say we should move to the Lightning Network for cheaper and faster transfers. But you'd still need to pay a high on-chain fee to open/close a channel on the LN. Therefore, average Bitcoin users are completely "deadlocked". No one can predict the future, so lets hope for the best. :)

Can you tell which Cex and Dex platforms you are talking about where you can buy 5$ crypto on their trading platform? because it just makes me think and wonder because all I know is that the minimum amount of money you can buy is only around 10 dollars, as the community says here.

And apart from what you say, if you are a long-term holder, I also think that you will not be affected by the high fees that miners take from those who conduct transactions on the Bitcoin network. But if you are doing DCA, it is for sure or very likely that you will be affected by the fees that are taken from bitcoin holders, in fact.

Sadly this is true, and if the transaction will go up during the bull run, it could be worst that 2017. I remember that time that the fees are so high. But in any case, we shouldn't deter bitcoin enthusiast and continue what they have been doing for years or months.


Or maybe just familiarize ourselves with Lightning Network, I think we will need it just in case. Maybe in the future, more online or offline stores are going to used LN for small transactions. And it will be good if we know how to used it.

It's going to show negatively on total numbers of bitcoin traded when ppl trying DCA get affected by high transactions fees. It's a drop on traded numbers if they can't afford to save. If one thing goes wrong more's going to go wrong so if bitcoin's price gets affected when less ppl buy where's the confidence in the market.

When fees get expensive ppl have to save in larger amounts less times a year there isn't another way to avoid high fees.

Wasnt aware of LN now is already that been that usable or still on test phase but if ever this one would be pushed through then problems with huge or high fees wont really be that happening anymore.
Almost all of this month of December on which the fee is really that staying up on huge sat/byte numbers.

High Priority
99 sat/vB
$5.88

This is the current fee on high priority as of this writing. Imagine that you would be buying up something like $1 worth then you would be paying up that x5 of the said amount.
Do we really think that it would be that ideal? No its not.. Lots of us did really not like the current network condition or situation on which
it is really that prohibiting us to make transactions specially into those smaller ones. Just like been said that if you are some sort of whale or does have
tons of money then this situation wont really bothering you.

This is why i do make out some diversification on other altcoins on which it does have lesser fees but at the same time, the potential is still there
in speaking about profit making but of course not everything is really that assured.

If only the LN was easy to use, many people would've switched to it already. But the added complexity, forces most people to look elsewhere. No one has the time to learn about LN addresses, LN urls, invoices, channels, etc. Not to mention, the network itself is full of bugs. That's why on-chain scaling is the only viable long-term solution to help maintain low fees without sacrificing security/reliability or reducing user experience.

Hopefully, developers gain the approval of the community for a series of network upgrades meant to tackle the "high fee problem". The Ordinals craze is starting to fade away, so it should only be a matter of time before Bitcoin becomes great again. Just my opinion :)

We don't want to pay more if it's possible to get confirmations by paying less so if you're trying to save in transaction fees you'll need something to help so try https://jochen-hoenicke.de/queue/#BTC,24h,weight

Then how much again before it gets back to the normal frustrating high fee? This problem is a one that has come to taunt Bitcoin lovers and believe me it has damage and crumbled so many businesses as the fees are just too crazy to manage and like you said the adamant view to the lightning network is making things with fee look impossible and the only way possible is for the developers like you said to come up with maybe upgrades to it that's makes it proficient and less complicated to use.

it's nothing new that we see bitcoin fees that are so high, but bitcoin fees will return to normal and will continue to happen like that. for those who did dca, it must have felt very difficult in the last few months because the bitcoin fees were quite annoying.

discussing the best bitcoin wallet to deal with the current uncertain bitcoin fees, i simply recommend bluewallet, because it has an rbf feature so your transactions can be processed with cheap fees.

I guess you better start planning to run your own node of you want to enjoy the lightning network, so I guess to wait for a month to lump sum do you would be paying the charge only once should be your best option, unless you can utilise the Ln  to speed things up.

That's the talk between me and my small circle of crypto friends, the best way to solve the issue with the high fees is this but we're not really good with tech so we're still a bit in the dark when it comes to running nodes but I do think that this is a good solution. Also, we shouldn't really tolerate or celebrate ordinals anymore, they've been gone on for far too long and I've seen that the transaction fees have gone much lower than ever so I guess, we've stopped being fans of ordinals. Hopefully, this thing won't ever happen again because I don't know if I'll ever be able to make a profit if bitcoin starts pumping up and the transaction fees are so damn expensive, I'm not willing to sacrifice a huge chunk of what I hodl just to profit.

I think fees were higher in the past (late 2017). It led us to a scaling debate which triggered a hard fork called "Bitcoin Cash" and the adoption of SegWit on the main BTC blockchain. Perhaps, the Ordinals craze will lead us to similar events in the long run. Whatever happens, you can rest assured on-chain fees won't stay high forever.

In the meantime, you should seek for ways to save as much money as possible. Altcoins like Litecoin, Dogecoin, BNB, Solana, and Polygon are cheaper to use than Bitcoin itself. Or if you want to keep your BTC, you can always switch to the Lightning Network. Considering that Bitcoin has gone this far, it's safe to assume it will be with us for generations. Who knows if it becomes the next reserve currency of the world? :)

And you think what @teamsherry said is cost-effective? I don't think so. Making payment transactions online does not have to be that burdensome if the Bitcoin system has been best planned from the beginning. I know that the founder will never know that such a situation like this would happen, but as it is now, I think that when the time comes, the best thing is for us to use the LN, it is better, but we should be getting ready for some issues that are associated with it as well. Before using it, we should try to learn it as it is not working like the direct way that Bitcoin transactions work. Alternatively, one can use the service of the free accelerators too, but since the last time I used it, I mean about 2 months ago or more, it is the ViaBTC accelerating service that was working in this regard. If one can part away with a mere 18s/vb fee, I know that this will be a very good choice for us all.

But running our own nodes as suggested by that guy is not so encouraging if I were the one.

We'll see fees move high & low but they'll have to go down or else it's going to be expensive sending micro payments. There's cheaper options to save fees but you'll want to hold your bitcoin if you can.

I think the high fee is natural, it comes from taproot and ordinal's boom, it means bitcoin has more utility to use, for bitcoin this cannot be changed, I think it is characteristic of bitcoin - POW. it is also the reason that many bitcoin l2 projects are building to compensate and increase the opportunity to use bitcoin with lower transaction fees. it will be like ETH with polygon or Arb

4 hours ago when i did make out some transactions on which i was indeed happy that the fee is already sitting around 10sats/byte but now when i wake up then boom another 100sats/byte
transactions again. Well, this isnt always talking about those ordinals thing but rather this is something that could also happen whenever there's some spike that do happen in the market.
Tons of trades or transactions been done specially into those who are really that trying out to move their bitcoins into specially now that it did able to hit up 50k on which
this isnt really that bad on making some decisions on selling out your coins i should say. When speaking about DCA then it wont really be a problem if your funds is on exchangers on which
you would really be able to save up yourself on such transactions but we know on how risky on leaving your funds on an centralized exchange and this is why i do understand
on why people would be actively be sending out their coins into their own wallets.

I don't think fees will go down to a point where you can use BTC for micropayments. It will only be feasible through "The Lightning Network". For large transfers, using the main BTC blockchain would be the way to go. Thank goodness we have a variety of altcoins to choose from, or we would've been stuck waiting for fees to go down. Would you imagine Bitcoin being the only Blockchain network in the world? It wouldn't be able to meet the demands of everyday people.

Hopefully, developers continue working on scaling BTC to make it a "force to reckon with". As long as Bitcoin stays decentralized, there should be nothing to worry about. :D

This is the obvious answer.

People should not leave their bitcoin on an exchange to sit for a long time because there is always the possibility of the exchange getting hacked at some point. And in general you should be in control of your bitcoin since Bitcoin allows you this ability. But leaving coins on an exchange for a matter of weeks or a few months is extremely low risk if you are using a reputable exchange. If the ratio of your fee-to-DCA is high enough that you are complaining about it you should just move your coins off the exchange less often. Problem solved. Also that way you use a bit less block space and make the blockchain ever so slightly cheaper for everyone else.

There really is no reason to move off-exchange every single time if you are DCA'ing. Assuming you're not using some shady exchange, which would be a much more serious problem, just do it once a month or once every couple months instead of every week.

Always use common sense. Don't just blindly follow rules people say. Yes you should control your bitcoin yourself, but that doesn't mean you can never make use of an exchange's custody services. If you're literally hurting your finances just to follow a rule of thumb then you are doing things wrong.

Just like you're not going to buy a $5 coffee using an on-chain transaction paying a $3 fee, you're gonna use the LN and pay a <1 cent fee, you shouldn't be making an on-chain tx for every single DCA if you're only DCA'ing like $50 or something at a time.

For now true but who knows what may happen in the nearest future in bitcoin technology and how advanced it would be, if bitcoin would ever achieve what satoshi envisioned it to which a electronic p2p means of exchange without trusted parties or middle men, bitcoin right now is more like an investment asset and serves better for such purpose, many would not even like to store value in it cause its still quite volatile, I don't ever think in the perspective of bitcoin replacing fait but in the future we might have many means of exchange and bitcoin could be one of them even if not with the lowest gas fees but maybe more affordable, like bringing it to a lowest minimum of 1 dollar or maybe cents.

Scalability would not always be a problem for bitcoin, much can happen in years to come, no one really knows what to expect.


Your quite right, just keep your bitcoin or holdings on reputable exchanges like binance untill you have accumulated quite enough for up to 3 months then move to your hard wallet or any self custodian means you chose.

I myself I normally don't do a lot of transactions with crypto except my weekly DCA which could max up to 100$ at times and 20$ at times, so I just keep my holdings on the exchange untill it's up to 500$, then I move it to my ledger hard wallet, safe and easy.

But remember not to store or hold on exchanges, not advisable, potential hack may occur and you have just lost your holdings.

I was going to comment also you could consolidate a larger amount within an exchange.  Not everyone is comfortable holding on an exchange but the point would be to move off the amounts of a regular basis just not everyday but weekly or monthly should be enough.   Thats a common enough thing to do to get around the fees dilemma.

Its worth still buying over time as some of Bitcoin direction cannot be known for sure, now is a good example.  From experience I would call this a bullish accumulation and probably price action does attempt to break upwards from this temporary hold below the ATH.

The majority of volume is below the ATH not right at the peak, its mostly a psychological barrier or ceiling we face.   For that reason I dont think it will hold but also this premise must be proven, the only certain way is to test and find this level of 68k or nearby as a support level.   That could take months I'm not sure, hence DCA could be the best thing with such uncertainties.

Exactly. Making a batch transaction or sending BTC occassionally would be the best way to save money on fees. If you want regular payments, you'd need to either use the LN or wait until fees go down. Fingers crossed developers will come up with on-chain solutions to prevent a disaster in the long run. At least, you can trade BTC on CEXs without paying high fees (until you make a withdrawal).

Bitcoin's current situation will force many to trust a custodian (third-party) with their money. Could this be a tactic from mainstream governments to prevent self-custody of BTC? Only time will tell. As long as decentralization wins, there should be nothing to worry about. :)

Did you send bitcoin recently because I didn't look at mempool for latest fees stats. They can't be high like before but if fees are high ppl have to wait until it's cheaper to send. Isn't it a good idea for ppl to apply same saving to buy process on crypto which isn't expensive because bitcoin's getting hard to buy for ppl who've got limited budgets.

You can send and confirm in ~10 minutes with a fee around ~13 to ~20 sats/vb based on the last six blocks. That can be considered cheap nowadays. The problem with the OP is he's withdrawing from centralized exchanges and you know that they usually charge higher than that. Their lowest transaction fee could be set at 40sats/vb so you still end up paying more than the high priority on mempool.

Buy sats.

Mempool shows a reduction in BTC network fees over the past month. I guess the Ordinals hype has come down to a halt. At least, temporarily. Now with the persistent FOMO because of ETFs accumulating large amounts of BTC, we should expect fees to increase all over again. As soon as you see the opportunity, open a LN channel with a low BTC fee, and stay there until the "dust settles". You will be enjoying cheap fees and blazing-fast speeds on the LN even if on-chain activity skyrockets.

And if you want to profit from the hype without needing to pay high fees, then leaving your coins in an exchange for trading (temporarily, of course) would be the way to go. Just spend your money wisely, and there should be nothing to worry about. :)

That is probably the best way to deal with high transaction fees if there is network congestion but people still need to keep buying Bitcoin. They should use a trusted centralized exchange, keep buying and storing in their account, keep it secure with 2FA and every possible security option they are given by the platform, and withdraw to their non-custodial wallets only when the fees are back to normal which happens after some time as we have seen.
Someone will surely have to pay a lot of money in fees if they keep doing DCA and withdrawing every time from the exchange platform to their wallet if the fees are high, so one needs to do what's better in that situation and the solution is to buy and wait.

DCA is a good strategy. But in the case of Bitcoin, it does require a lot of fees in terms of fees. But everyone knows the solution to this issue; it all depends on how you prioritize. The options are as follows: 1. Increase the timeframe. Instead of weekly purchases, make monthly or quarterly or even semi-annual purchases. There won't be a big commission here. 2. Use Bitcoin equivalents rather than real Bitcoin. For example, lining-bitcoin or sovrin-bitcoin. Or wrapped Bitcoin on EVM networks such as Polygon or Arbitrum. Or BNB. This will really allow you to save on fees. But you have to pay for everything. The second option is bad for those who prefer to deal with real (native) bitcoins.

You can always do DCA through a crypto exchange that accepts deposits from the Lightning Network. Bitstamp is one of them. Fees on the LN are neglible, making it extremely-convenient for day-trading and micropayments. The only downside is that you'd need to pay a high on-chain fee once. It's the common rule of L2 networks.

Hopefully, BTC fees will decline as developers introduce a series of network upgrades to "tackle" the problem. Just keep buying, "hodling", and forget about the rest. ;)

This is why it would really be that important that you should be having some reserved USDT on your exchange wallet even though its not recommended to store tons but this is the only method
that i do make use through years when it comes on talks about DCA'ing on which im trying out to avoid those network fees but actually it isnt really that much on which based up on my awareness i have seen about
when your funds is really that inside on exchangers on which you could really just that simply make out some purchase whenever the market would really be having its correction and you do
see the opportunity for you to buy cheap.

It is really that giving out that huge hindrance whenever you do see those network fees to be that high when making up some transaction specially if you are a type of
investor which does have only that sufficient amount of money for you to buy up with. If you are some sort of whale then these fee things or concern wont
really be that much of an issue for you.

I don't believe that is a good idea to leave funds in a centralized exchange for quite some time. The transaction fee issues have started again and I think the best thing now for investors who are dcaing is to keep their funds i fiats for an extra week so that they can combine this week and next week fitat that is supposed to be used for DCA to invest during the month end or next weekend. By this way the percentage remains the same only just the time period would vary to bi weekly or monthly depending if the high transaction fees persist.

Leaving funds in CEX is never recommended, but changing it by buying to bi-weekly or monthly, might also make us lose the opportunity to buy it when the price is low, because in recent times the price changes have been quite fast, so in my opinion we still do DCAing as usual but withdrawing Bitcoin has changed to bi-weekly or monthly, but have the current conditions made CEX increase their withdrawal fees? If the CEX that we usually use doesn't increase the withdrawal fee then you can still make withdrawals every time you finish buying, the problem is that the CEX increases the withdrawal fee and when I checked at the exchange I used to make a transaction, yes they increased it and that's an unreasonable amount because I have to pay around $50 for one withdrawal, so it's better to keep it in CEX until it returns to normal because if it's for the short term I don't think it's a problem but not for the long term and increase the security of our CEX account.

We're still facing the high transaction fees again, and it seems like it's something that we have to get used to that it must happen periodically when the mempool is congested, so every Bitcoin holder should have a plan b when it occurs. In your own case as you're doing DCA method, I think that it's best if you can be disciplined and hold your weekly earnings for a period of one month before sending it, to minimize the amount of the fees, since you'll pay about the same fees if you're sending it weekly. It's not advisable to leave your coins in the exchange and relax.

we don't expect the fee to be going down when there's just so many things are gonna be flooding the bitcoin blockchain, before it was BRC20 and that successfully caused the fee to be high, now its runes, well to be honest i'm expecting something other than brc20 and runes in the future that could cause transactions flood again to be honest.
honestly i'm thinking of when DCA-ing an asset we could just diversify the use of exchange, its to mitigate collapse like what FTX has experienced back then, if worse come to worst there are still other exchange available and more likely our assets are safe in the other that doesn't get affected, it might seem impractical for many people, the alternative might be just buying bitcoin wrapped in other blockchain.

Before it was BRC and now it's Rune, I'm pretty sure things won't stop here and more spam will be generated, we should really adapt to this. But I still don't understand why the developers haven't come up with a solution so far, are they looking for a way or do they not care about this?


Storing bitcoins on exchanges has never been advisable, but I also think it is a temporary solution for the time being with high fees. Distributing bitcoin across multiple exchanges is also not a bad idea, this will also have risks but the risks will be dispersed if the exchange collapses or is hacked. I will consider this idea if transaction fees do not decrease.

Do you hold fiat for a month and then buy bitcoin and withdraw it? Or buy bitcoin every week and then withdraw the BTC once a month? I have the second method instead of holding fiat for 1 month.
But this is our plan about DCA that is still on the run and honestly still relying on exchanges to buy bitcoin because it's easier for us to deposit fiat in our local currency.
There is also storing assets on the exchange for a month for me it does not matter as long as it is not too long

I think holding the fiat for a month is a worst idea. If so then that is not a DCA  strategy. This is because if the method is to buy every week then he should be buying the Bitcoin every week in the CEX and withdraw it to the wallet every two weeks or monthly since the fees are high. Now the fees are high it is cool for every investor to follow this strategy so that they wont spend all their bitcoin holdings on transaction fees. Definitely before the end of the month the fees would have been adjusted to normal.

But there is one problem. If someone is earning low income from 50$ every week and uses 30% of this income to buy Bitcoin in the CEX. If the price of Bitcoin drops he might end up losing his money to 0$ depending on how dip bitcoins goes sine the bitcoin is small.

As long as bitcoin exists,  there will always be a situation like this and also note that this is not going to stop anytime soon, and bitcoin have to be aimed at a long term views this way you can easily avoid draining your entire money on fees.

But then we have to wait to see things settled along the way, and also be prepared to any future challenges that may come up I the future.

This may stand better chance of limiting the exchange fee  if you have good knowledge with the exchange and have trust you can allow it to accumulate for month to avoid the regular withdrawal which might implied different charges at each oint as this will only be once .

As Bitcoin rewards for miners keep decreasing over time with the halving after every 4 years, I believe what will keep miners active still doing their job on the Bitcoin network is if they're benefiting from the transaction fees, and which is what we are currently experiencing lately, This to me looked like Bitcoin was designed this way on the long run to keep miners active in the system, Who knows we might even see more higher fees in the future when the rewards miners get from mining Bitcoin get lesser and this is for them to cover the money they spend in electricity bills

This is very normal if there is a traffic jam, if we get weekly income from the campaign, if we don't have an urgent need, I don't think there's any point in selling it, if we have income in the real world. If urgent needs cannot be avoided, you can seek a temporary solution from your friends or relatives by borrowing money. When conditions return to normal, you can sell it. If we accumulate it every month, in my opinion, with fairly high transaction conditions, there's no harm in temporarily storing it on the stock exchange, when conditions are stable you can withdraw it back to your wallet.

There are many options that have been mentioned and I basically agree that they can help. Expensive transaction fees are a problem in the bitcoin network currently, but over time transaction fees will decrease even though it is difficult to expect 1 sat/vB like before.

I agree that, if you have a steady income at a real job and the amount can cover your daily to monthly needs, then there is no reason to sell bitcoin now. You can accumulate your typical campaign earnings each week as a long-term investment, while still being able to sell a percentage of it when you need more budget in the lean months.

And fees are somewhat back in "normal", when I say normal, it's not 100 sat/vB++. So I do agree, I see some members, who requested their managers to hold off the payment because of the high transaction fees.

As for DCA, if you are here for the long run, then I'm not sure how it will affect the high fees. Maybe you can stop DCAing or buying when the fees are high and just save your fiat money. But if everything goes back and settled in, they resume your accumulation. Just treat it as something that we should do, just taking a break because of the high fees.

It's all "part of the plan". With high network fees, people will be forced to leave their coins on exchanges or centralized services. If this keeps up, only the wealthy (whales, institutional investment companies, governments, etc) will be able to practice self-custody of BTC. Fees may've declined now, but it won't last forever. Especially if the Ordinals craze continues. Core devs are reluctant to introduce network changes that would help mitigate the issue. They want us to switch to the centralized Lightning Network that's flawed by design.

I wonder how high network fees will be by the next block reward halving? Probably within the "four figures"? At least, we have plenty of other decentralized alternatives to choose from. Litecoin is one of them. At this point, we could say Bitcoin failed as a digital currency. It's only good as a store of value. You can rely on BTC as a Gold alternative, while using LTC for day-to-day payments (like Fiat). The future can't be predicted, so lets hope for the best. :)

I do consider normal when its sitting around 1-10 sats/byte on which this is something where it is really that best or sweetest spot if we do speak about network fees on which this do means that everything goes back to normal where people could make out transactions without having that kind of hesitation due on being too high. For those people who do tend to DCA specially on bitcoin then this would really be the best time or timing. Dumping market + cheap network fees then i dont see any reasons that you would really be missing out such opportunity. There would be no reason that you wont be able to DCA
this time specially its the right opportunity on doing so.  :)

usually it costs relatively cheap to DCA, bitcoin fee isn't as high as ethereum in the past, but due to the presence of BRC20 and runes, it does increase.
my only solution is only to take advantage of DCA through exchange, even though many people consider exchange to be rather risky when saving money since we got that flashback of FTX making people unable to withdraw but DCA ing could only be done effectively through that since the high transaction fee aren't going anywhere.
but honestly we can wait it out until the hypes about runes subsides first, so many runes minting these days, it does increase fee as high as $100 which honestly is ridiculous.

Bitcoin transactions typically spike around the halving, and Bitcoin fees continue to be the biggest barrier to transactions. Basically I think it's best to look at Mempool when trading. Because from this you can guess about the gas fee in case of coin transaction, and according to Mempool you will definitely get some saving if you do Bitcoin transaction. Weekly if you are holding in DCA method here you can complete this transaction monthly or every 15 days. But it is also in good practice to complete it by keeping you money.

Exactly. It's best to make transactions at different time periods to save money. Keeping a few BTC on exchanges seems to be the only option right now. You can do DCA on a centralized exchange without the need to pay high network fees (except when you make a withdrawal). I've read that some exchanges are integrating LN support (Bitstamp, Coinbase), so high fees would only be a thing of the past.

Remember, patience is a virtue. Those who manage to wait, will eventually be rewarded in the long run. Bitcoin network fees won't stay high forever, anyways. I'm hoping the Ordinals hype comes to an end, so Bitcoin can be used more throughly as a currency than a store of value. At least, that's the dream. :D

I would like to say that stop making or adopting DCA method while by Bitcoin wallet transfer. It is true that centralised exchanger was not an ideal way to adopting Bitcoin for long term investing but I think if we choose a reputable centralised exchanger and buying there Bitcoin as we want to run our dca method like we can buy bitcoin by p2p trading and holding bitcoin on centralise at changer until the Bitcoin transaction has down to cool.

There are actually viable options on which you could really be able to make use on which its true that when it comes to exchangers or on the time that you do have funds stacked into your exchange wallet then
it wont really be that a hindrance for you to have that kind of DCA thing not unless if you do make out some transfers from your non custodial wallet then it would really be something that will really be giving out that kind of hindrance just because you cant really be able to avoid that paying up that huge fees on which it do really sucks when it comes to that manner but we do know that not all the time that the fees would really be on the rooftop on which it would really be just that so common that you would really be letting the network to cooldown or would really be able to normalize because not all the time we would really be something like  this on which if there's that kind of spam in the network then it would really be taking up a couple of days or weeks for it to normalize. You could always skip out on making such move if you do really tend to save up with fees
but if you are really that eager on making such move then it would really be your choice.

Fees are at least lower already, 15-20 sat/vB is not that expensive for us average Joe traders so we can continue to do DCA and put it in our wallet that we have total control of instead of this centralized exchange. At least we can all go back to our DCA days again and slowly accumulate as much as we can.

And I do agree that patience is really what separates a diamond hand against weak hands or smart investors to say YOLO investors. So we need to set our mindset correct in the beginning and so we can continue to go and invest and look for bigger profits in the future.